Liquid handling systems are utilized to dispense a particular quantity of reagent, samples or other liquid to a designated container. According to the report analysis, ‘World Liquid Handling Systems Market Research Report 2024 (Covering USA, Europe, China, Japan, India and etc)’ states that a number of aspects, such as worldwide growth in pharmaceutical and biotechnology industries, the increasing requirement for high-throughput screening, augmenting emphasis on data precision and accuracy, and technological modernizations in liquid handling systems are projected to drive the growth of this market.
Whereas, the worldwide liquid handling systems market is sectored by type, product, application, end-user, and regions. By type, the liquid handling systems market is segmented into electronic pipettes systems, automated pipetting systems, manual pipettes systems, and consumables. It is predicted that the electronic systems sector is predicted to lead the worldwide liquid handling systems market in recent past years. The higher accuracy and reproducibility suggested by electronic liquid handling systems, coupled with their lower cost in judgment with automated systems are the foremost growth aspects of this sub-segment.
In addition, the automated liquid handling systems, and high-throughput screening applications are now broadly utilized in drug discovery and most of the foremost market players are moving towards the automated liquid handling systems. The increasing investment in research and drug discovery is projected to increase the requirement for liquid handling systems. Furthermore, during recent years, the interest in high-throughput screening technologies across the United States has augmented drastically in academic research.
Furthermore, the contract research organizations are projected to observe healthy growth owing to the growing funding for R&D and augmenting the outsourcing by pharmaceutical corporates for research activities. The contract research organizations are implementing this technology to improve their lab capabilities. As per the predictions of the Association of Clinical Research Organizations, more than 50% of the CROs function outsourced clinical study function for the pharmaceutical industry. The primary advantage of liquid handling systems is that it supports to eradicate both person-to-person and day-to-day capriciousness. The augment in contract research activities will increase the requirement for liquid handling systems over the review period.
Although, by end-users, the market is sectored into biotechnology and pharmaceutical corporate; research institutes; hospitals and diagnostic laboratories: academic institutes: and other end users. During 2017, the biotechnology and the pharmaceutical corporate segment is predicted to account for the highest share and is predicted to increase at the highest rate throughout the forecast period. The effective growth in the investments, augmenting research activities, and improvements in the biotechnology and pharmaceutical industries are the foremost factors propelling the market growth in this end-user segment.
Nevertheless, it is predicted that North America will pursue to register the global liquid handling systems market in the review period. However, Asia is projected to witness the greatest CAGR, with the growth in this market centered at Japan, China, and India. The growing life sciences research infrastructure in developing economies and increasing government investment in biomedical, pharmaceutical, and biotechnology industries are some factors influencing market growth across the Asian region. Therefore, in the near years, it is predicted that the market of liquid handling systems will increase around the globe more effectively over the upcoming years.
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Ankur Gupta, Head Marketing & Communications